Ogden FHA Loan Rates, Closing Costs & Stats

OGDEN-CLEARFIELD, UT

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Ogden's 111 lenders originated 2,249 FHA loans during 2023. The total origination value was $849,405,000, with an average FHA loan value of $377,681.

Ogden FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Ogden averaged 6.45% for the week of 2024-05-17, compared to the national average (all FHA variants) of 6.744% for the same period.

Ogden's average FHA mortgage closing costs are $10,287.

The average rate for the prior week (2024-05-10) was 6.59% and one month ago for the week of 2024-04-12, the average rate was 6.45%.

The average rate one year ago was 6.41%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.51%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Ogden FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Ogden level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 304 6.13% $15,230
INTERCAP LENDING INC. 119 6.62% $15,942
QUICKEN LOANS, LLC 107 6.19% $14,440
ACADEMY MORTGAGE CORPORATION 85 6.56% $17,731
FIRST COLONY MORTGAGE CORPORATION 65 6.42% $17,099
PENNYMAC LOAN SERVICES, LLC 55 6.12% $15,757
CASTLE & COOKE MORTGAGE, LLC 54 6.51% $16,947
RANLIFE, INC. 54 6.46% $17,377
Plains Commerce Bank 53 6.53% $17,097
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.56% $13,965
Century Mortgage Company DBA Century Lending Company 49 6.24% $14,387
AMERICAN PACIFIC MORTGAGE CORPORATION 48 6.83% $14,018
SECURITYNATIONAL MORTGAGE COMPANY 47 6.55% $17,168
CITYWIDE HOME LOANS, LLC 40 6.19% $13,937
CARDINAL FINANCIAL 40 6.47% $18,259
GUILD MORTGAGE COMPANY 38 6.33% $16,713
BROKER SOLUTIONS, INC. 34 6.69% $16,816
GOLDENWEST 30 6.18% $15,107
PRIMELENDING, A PLAINSCAPITAL COMPANY 29 6.72% $14,734
PRIMARY RESIDENTIAL MORTGAGE, INC. 28 6.63% $15,926
Bank of Utah 27 6.33% $11,448
NEWREZ LLC 27 5.97% $14,809
Paramount Residential Mortgage Group, Inc. 24 7.02% $15,843
VERITAS FUNDING, LLC 22 6.66% $18,002
LOANDEPOT.COM, LLC 22 5.89% $17,855
FREEDOM MORTGAGE CORPORATION 18 6.74% $20,592
CROSSCOUNTRY MORTGAGE, LLC 18 6.45% $17,091
AMERICAN FINANCIAL NETWORK, INC. 17 7.07% $19,080
SWBC MORTGAGE CORPORATION 15 6.52% $9,017
INSPIRE HOME LOANS INC. 15 5.29% $13,519
MY MOVE MORTGAGE, LLC 15 6.34% $16,780
Mr. Cooper ( Nationstar Mortgage ) 12 5.86% $17,746
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 6.44% $11,957
DIRECT MORTGAGE, CORP. 11 5.85% $18,085
Network Funding, L.P. 10 6.53% $16,383
AMERICA FIRST 10 6.68% $10,929
Sierra Pacific Mortgage Company, Inc. 8 5.97% $13,696
CLM MORTGAGE, INC 8 6.04% $14,841
VAN DYK MORTGAGE CORPORATION 8 6.34% $15,704
GUARANTEED RATE, INC. 7 5.63% $17,833
CANOPY MORTGAGE, LLC 7 6.32% $26,828
Carrington Mortgage Services, LLC 7 6.02% $16,179
The Loan Store, Inc. 7 6.57% $17,340
SECURITY HOME MORTGAGE, LLC. 7 6.28% $14,365
PLAZA HOME MORTGAGE, INC. 7 6.59% $13,672
J. VIRGIL, INC. 7 6.25% $13,787
Flagstar Bank, FSB 6 6.06% $14,874
VILLAGE CAPITAL MORTGAGE 6 5.77% $15,076
AMERICAN FINANCING CORPORATION 5 6.10% $15,278
MORIA DEVELOPMENT, INC. 5 6.73% $13,602
PACIFIC RESIDENTIAL MORTGAGE, LLC 5 6.98% $17,440
Equity Prime Mortgage LLC 5 7.18% $19,420
SUN WEST MORTGAGE COMPANY, INC. 5 6.22% $11,645
CITY FIRST MORTGAGE SERVICES, L.L.C. 5 6.40% $16,764
ON Q FINANCIAL, INC. 5 6.43% $15,259
LAKEVIEW LOAN SERVICING, LLC 4 5.94% $14,916
AMERICAN FINANCIAL RESOURCES, INC. 4 6.69% $15,699
GUARANTEED RATE AFFINITY, LLC 4 6.51% $18,137
LOANPAL, LLC 4 5.78% $15,508
OCMBC, INC. 4 7.16% $14,819
CYPRUS Federal Credit Union 3 6.46% $13,838
DHI MORTGAGE COMPANY, LTD. 3 5.42% $12,123
Northpointe Bank 3 6.83% $15,797
The Federal Savings Bank 3 6.21% $17,711
MOUNTAIN AMERICA 3 6.58% $12,331
S1L, Inc. 3 6.04% $15,510
AMERISAVE MORTGAGE CORPORATION 3 5.67% $17,067
CORNERSTONE HOME LENDING, INC. 3 6.00% $21,762
AXIA FINANCIAL, LLC 3 6.38% $18,137
NBKC BANK 2 6.56% $9,132
MUTUAL OF OMAHA MORTGAGE, INC. 2 5.44% $21,001
NATIONS DIRECT MORTGAGE, LLC 2 6.75% $17,789
JPMorgan Chase Bank 2 6.25% $10,854
PANORAMA MORTGAGE GROUP, LLC 2 6.69% $18,196
Glacier Bank 2 6.31% $12,208
CHURCHILL MORTGAGE CORPORATION 2 6.25% $12,436
Cache Valley Bank 2 6.31% $7,632
BAY EQUITY LLC 2 6.00% $22,346
Barrington Bank & Trust Company, N.A. 2 6.25% $13,618
Bank of England 2 6.81% $17,703
TOP FLITE FINANCIAL, INC. 2 7.06% $16,928
Utah Mortgage Loan Corporation 2 6.38% $8,851
AmeriHome Mortgage Company, LLC 2 6.13% $13,512
American Mortgage & Equity Consultants, Inc. 2 6.19% $19,693
EMBRACE HOME LOANS, INC. 1 5.75% $11,665
EAGLE HOME MORTGAGE, LLC 1 5.13% $16,391
NATIONS RELIABLE LENDING, LLC 1 6.00% $15,665
Nations Lending Corporation 1 5.25% $12,985
KeyBank 1 7.00% $9,558
Regions Bank 1 5.50% $24,199
LADERA LENDING, INC. 1 6.25% $21,695
Cornerstone First Mortgage, Inc 1 6.63% $18,556
MORTGAGEONE, INC. 1 7.63% $13,462
UTAH COMMUNITY 1 5.75% $14,974
SOVEREIGN LENDING GROUP INCORPORATED 1 6.25% $19,253
Sunflower Bank 1 6.49% $12,289
Willamette Valley Bank 1 5.75% $19,895
LAND HOME FINANCIAL SERVICES, INC. 1 6.25% $17,095
Mortgage Research Center, LLC 1 6.75% $5,826
MID AMERICA MORTGAGE, INC. 1 6.63% $15,539
ZILLOW HOME LOANS, LLC 1 6.25% $10,581
Ixonia Bank 1 5.63% $16,572
NBH Bank 1 7.75% $6,719
Zions Bank 1 6.00% $8,974
Hometown Equity Mortgage, LLC 1 6.63% $9,643
GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $13,562
MICHIGAN MUTUAL, INC. 1 6.63% $16,421
TOWNE MORTGAGE COMPANY 1 6.25% $14,697
GENEVA FINANCIAL, LLC 1 7.38% $16,308
PINNACLE LENDING GROUP, INC. 1 5.63% $11,499
EVERETT FINANCIAL, INC. 1 7.00% $8,027

The top Ogden FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 304 FHA loans originated. Their average total fees are $15,230, which is $712 lower than the next largest lender, INTERCAP LENDING INC..

The lowest fee Ogden FHA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($9,017), AMERICA FIRST ($10,929), Bank of Utah ($11,448), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($11,957) and INSPIRE HOME LOANS INC. ($13,519).

The lowest rate Ogden FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.29%), DIRECT MORTGAGE, CORP. (5.85%), Mr. Cooper ( Nationstar Mortgage ) (5.86%), LOANDEPOT.COM, LLC (5.89%) and NEWREZ LLC (5.97%).

Ogden FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
OGDEN-CLEARFIELD, UT BOX ELDER 2020 $646,300 $827,400 $1,000,100 $1,242,900
OGDEN-CLEARFIELD, UT DAVIS 2020 $646,300 $827,400 $1,000,100 $1,242,900
OGDEN-CLEARFIELD, UT MORGAN 2020 $646,300 $827,400 $1,000,100 $1,242,900
OGDEN-CLEARFIELD, UT WEBER 2020 $646,300 $827,400 $1,000,100 $1,242,900
OGDEN-CLEARFIELD, UT BOX ELDER 2023 $744,050 $952,500 $1,151,400 $1,430,900
OGDEN-CLEARFIELD, UT DAVIS 2023 $744,050 $952,500 $1,151,400 $1,430,900
OGDEN-CLEARFIELD, UT MORGAN 2023 $744,050 $952,500 $1,151,400 $1,430,900
OGDEN-CLEARFIELD, UT WEBER 2023 $744,050 $952,500 $1,151,400 $1,430,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ogden (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $349,850 (7.7%) $413,336 (9.9%) 1.30 1,037
2018-02-01 $366,950 (4.5%) $439,011 (9.8%) 1.33 941
2018-03-01 $379,950 (4.0%) $457,408 (10.0%) 1.33 956
2018-04-01 $386,200 (3.7%) $463,257 (8.8%) 1.31 1,022
2018-05-01 $384,950 (4.2%) $465,903 (10.7%) 1.29 1,151
2018-06-01 $384,700 (5.0%) $466,443 (11.6%) 1.28 1,266
2018-07-01 $378,700 (8.2%) $460,206 (13.5%) 1.26 1,409
2018-08-01 $373,250 (9.8%) $447,646 (11.4%) 1.25 1,562
2018-09-01 $368,900 (11.5%) $439,322 (11.7%) 1.24 1,718
2018-10-01 $364,900 (10.6%) $441,854 (11.5%) 1.24 1,721
2018-11-01 $364,500 (9.7%) $444,348 (12.3%) 1.24 1,645
2018-12-01 $369,950 (8.8%) $457,098 (15.4%) 1.28 1,498
2019-01-01 $379,900 (8.6%) $475,217 (15.0%) 1.31 1,325
2019-02-01 $384,900 (4.9%) $479,999 (9.3%) 1.30 1,254
2019-03-01 $396,413 (4.3%) $497,864 (8.8%) 1.30 1,209
2019-04-01 $406,690 (5.3%) $506,640 (9.4%) 1.29 1,257
2019-05-01 $399,350 (3.7%) $495,152 (6.3%) 1.25 1,394
2019-06-01 $390,950 (1.6%) $488,464 (4.7%) 1.22 1,466
2019-07-01 $384,950 (1.7%) $480,403 (4.4%) 1.21 1,551
2019-08-01 $377,264 (1.1%) $475,781 (6.3%) 1.19 1,579
2019-09-01 $365,809 (-0.8%) $464,336 (5.7%) 1.17 1,641
2019-10-01 $357,950 (-1.9%) $459,004 (3.9%) 1.15 1,669
2019-11-01 $359,900 (-1.3%) $460,604 (3.7%) 1.18 1,514
2019-12-01 $373,000 (0.8%) $480,826 (5.2%) 1.24 1,213
2020-01-01 $388,900 (2.4%) $527,877 (11.1%) 1.30 1,000
2020-02-01 $398,900 (3.6%) $555,903 (15.8%) 1.31 865
2020-03-01 $401,190 (1.2%) $570,356 (14.6%) 1.26 910
2020-04-01 $393,373 (-3.3%) $512,466 (1.2%) 1.23 1,171
2020-05-01 $415,000 (3.9%) $560,942 (13.3%) 1.26 990
2020-06-01 $441,515 (12.9%) $607,383 (24.4%) 1.30 850
2020-07-01 $445,000 (15.6%) $614,246 (27.9%) 1.29 727
2020-08-01 $429,945 (14.0%) $616,028 (29.5%) 1.23 607
2020-09-01 $431,200 (17.9%) $621,395 (33.8%) 1.24 532
2020-10-01 $441,450 (23.3%) $661,467 (44.1%) 1.26 475
2020-11-01 $454,700 (26.3%) $702,460 (52.5%) 1.33 424
2020-12-01 $457,475 (22.7%) $749,510 (55.9%) 1.36 335
2021-01-01 $495,300 (27.4%) $751,436 (42.4%) 1.48 275
2021-02-01 $472,475 (18.4%) $783,288 (40.9%) 1.38 236
2021-03-01 $462,475 (15.3%) $762,947 (33.8%) 1.31 267
2021-04-01 $484,331 (23.1%) $751,637 (46.7%) 1.31 273
2021-05-01 $515,000 (24.1%) $751,205 (33.9%) 1.37 331
2021-06-01 $494,463 (12.0%) $706,777 (16.4%) 1.30 453
2021-07-01 $480,000 (7.9%) $646,861 (5.3%) 1.27 504
2021-08-01 $494,675 (15.1%) $663,204 (7.7%) 1.32 602
2021-09-01 $494,950 (14.8%) $646,546 (4.1%) 1.32 659
2021-10-01 $491,900 (11.4%) $622,688 (-5.9%) 1.31 616
2021-11-01 $489,340 (7.6%) $616,658 (-12.2%) 1.31 549
2021-12-01 $504,900 (10.4%) $640,360 (-14.6%) 1.37 407
2022-01-01 $499,900 (0.9%) $631,009 (-16.0%) 1.35 264
2022-02-01 $537,780 (13.8%) $678,178 (-13.4%) 1.40 274
2022-03-01 $527,000 (14.0%) $678,796 (-11.0%) 1.32 331
2022-04-01 $572,400 (18.2%) $700,347 (-6.8%) 1.36 471
2022-05-01 $582,225 (13.1%) $693,662 (-7.7%) 1.33 786
2022-06-01 $584,500 (18.2%) $683,408 (-3.3%) 1.30 1,117
2022-07-01 $560,000 (16.7%) $639,842 (-1.1%) 1.26 1,582
2022-08-01 $544,950 (10.2%) $632,814 (-4.6%) 1.26 1,803
2022-09-01 $534,500 (8.0%) $627,445 (-3.0%) 1.25 1,876
2022-10-01 $528,000 (7.3%) $617,659 (-0.8%) 1.24 1,926
2022-11-01 $519,997 (6.3%) $609,878 (-1.1%) 1.25 1,884
2022-12-01 $526,643 (4.3%) $617,475 (-3.6%) 1.30 1,642
2023-01-01 $544,500 (8.9%) $640,507 (1.5%) 1.35 1,341
2023-02-01 $550,000 (2.3%) $664,411 (-2.0%) 1.33 1,195
2023-03-01 $563,850 (7.0%) $663,738 (-2.2%) 1.33 1,122
2023-04-01 $589,000 (2.9%) $686,448 (-2.0%) 1.37 1,030
2023-05-01 $584,500 (0.4%) $682,577 (-1.6%) 1.33 1,139
2023-06-01 $579,675 (-0.8%) $684,656 (0.2%) 1.30 1,247
2023-07-01 $579,000 (3.4%) $704,570 (10.1%) 1.32 1,327
2023-08-01 $571,995 (5.0%) $698,149 (10.3%) 1.31 1,415
2023-09-01 $570,000 (6.6%) $684,822 (9.1%) 1.33 1,528
2023-10-01 $550,000 (4.2%) $680,067 (10.1%) 1.29 1,557
2023-11-01 $549,900 (5.8%) $677,391 (11.1%) 1.31 1,535
2023-12-01 $549,000 (4.3%) $677,690 (9.8%) 1.34 1,286
2024-01-01 $549,945 (1.0%) $684,843 (6.9%) 1.34 1,155
2024-02-01 $549,925 (0.0%) $686,322 (3.3%) 1.32 1,009
2024-03-01 $550,000 (-2.5%) $690,158 (4.0%) 1.29 980
2024-04-01 $565,950 (-3.9%) $703,632 (2.5%) 1.32 1,040
Ogden's median listing price for 2024-04-01 was $565,950, a difference of $-23,050 (-3.9%) versus the prior year and $15,950 versus the prior month.

Ogden's median listing price comes in at 132% of the national average.

Ogden's average listing price for 2024-04-01 was $703,632, a difference of $17,184 (2.5%) versus the prior year and $13,474 versus the prior month.

For the 2024-04-01 period, Ogden had 1,040 MLS listings, a difference of 60 listings (6%) versus the prior month and 10 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ogden (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 57 days 2,947 sqft
2018-02-01 38 days 3,037 sqft
2018-03-01 33 days 3,138 sqft
2018-04-01 30 days 3,130 sqft
2018-05-01 29 days 3,063 sqft
2018-06-01 32 days 3,062 sqft
2018-07-01 33 days 3,002 sqft
2018-08-01 35 days 2,933 sqft
2018-09-01 35 days 2,888 sqft
2018-10-01 39 days 2,858 sqft
2018-11-01 45 days 2,850 sqft
2018-12-01 53 days 2,898 sqft
2019-01-01 63 days 2,972 sqft
2019-02-01 49 days 2,998 sqft
2019-03-01 41 days 3,073 sqft
2019-04-01 37 days 3,136 sqft
2019-05-01 31 days 3,058 sqft
2019-06-01 32 days 3,003 sqft
2019-07-01 35 days 2,959 sqft
2019-08-01 36 days 2,877 sqft
2019-09-01 37 days 2,777 sqft
2019-10-01 38 days 2,708 sqft
2019-11-01 45 days 2,696 sqft
2019-12-01 55 days 2,764 sqft
2020-01-01 67 days 2,923 sqft
2020-02-01 37 days 2,947 sqft
2020-03-01 24 days 2,925 sqft
2020-04-01 28 days 2,809 sqft
2020-05-01 38 days 2,954 sqft
2020-06-01 30 days 3,012 sqft
2020-07-01 32 days 2,899 sqft
2020-08-01 24 days 2,745 sqft
2020-09-01 23 days 2,709 sqft
2020-10-01 19 days 2,599 sqft
2020-11-01 24 days 2,658 sqft
2020-12-01 32 days 2,480 sqft
2021-01-01 26 days 2,478 sqft
2021-02-01 9 days 2,502 sqft
2021-03-01 3 days 2,431 sqft
2021-04-01 5 days 2,576 sqft
2021-05-01 9 days 2,673 sqft
2021-06-01 9 days 2,477 sqft
2021-07-01 12 days 2,425 sqft
2021-08-01 14 days 2,442 sqft
2021-09-01 18 days 2,461 sqft
2021-10-01 22 days 2,358 sqft
2021-11-01 24 days 2,295 sqft
2021-12-01 37 days 2,405 sqft
2022-01-01 37 days 2,376 sqft
2022-02-01 22 days 2,454 sqft
2022-03-01 22 days 2,274 sqft
2022-04-01 20 days 2,468 sqft
2022-05-01 23 days 2,516 sqft
2022-06-01 25 days 2,546 sqft
2022-07-01 31 days 2,408 sqft
2022-08-01 38 days 2,397 sqft
2022-09-01 44 days 2,396 sqft
2022-10-01 50 days 2,392 sqft
2022-11-01 57 days 2,387 sqft
2022-12-01 66 days 2,414 sqft
2023-01-01 75 days 2,497 sqft
2023-02-01 64 days 2,570 sqft
2023-03-01 50 days 2,627 sqft
2023-04-01 46 days 2,760 sqft
2023-05-01 39 days 2,720 sqft
2023-06-01 39 days 2,700 sqft
2023-07-01 44 days 2,673 sqft
2023-08-01 46 days 2,588 sqft
2023-09-01 47 days 2,556 sqft
2023-10-01 49 days 2,529 sqft
2023-11-01 55 days 2,520 sqft
2023-12-01 67 days 2,463 sqft
2024-01-01 72 days 2,460 sqft
2024-02-01 59 days 2,462 sqft
2024-03-01 46 days 2,479 sqft
2024-04-01 41 days 2,537 sqft
Ogden's median listing age (time on market) for 2024-04-01 was 41 days. This is -12% shorter than the same period one year ago.

Ogden's median square footage for active listings during the 2024-04-01 period was 2,537 sqft. One year prior, the average listing was 2,760 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).